Griffin Asset Management Inc. reduced its stake in shares of Dunkin’ Brands (NASDAQ:DNKN) by 42.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,448 shares of the restaurant operator’s stock after selling 15,967 shares during the quarter. Griffin Asset Management Inc.’s holdings in Dunkin’ Brands were worth $1,383,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in DNKN. Cerebellum GP LLC acquired a new position in Dunkin’ Brands in the fourth quarter valued at $117,000. Aevitas Wealth Management Inc. acquired a new position in shares of Dunkin’ Brands during the fourth quarter worth about $130,000. SeaCrest Wealth Management LLC acquired a new position in shares of Dunkin’ Brands during the fourth quarter worth about $135,000. Capital Analysts LLC acquired a new position in shares of Dunkin’ Brands during the fourth quarter worth about $134,000. Finally, Aviance Capital Management LLC purchased a new stake in Dunkin’ Brands during the fourth quarter worth about $169,000. Hedge funds and other institutional investors own 97.66% of the company’s stock.
Shares of DNKN stock traded up $0.25 on Wednesday, hitting $60.70. 22,803 shares of the company traded hands, compared to its average volume of 1,177,940. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 361.71. The stock has a market capitalization of $4,925.61, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 1.69 and a beta of 0.29. Dunkin’ Brands has a fifty-two week low of $50.89 and a fifty-two week high of $68.45.
Dunkin’ Brands (NASDAQ:DNKN) last announced its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. The business had revenue of $227.10 million for the quarter, compared to the consensus estimate of $220.54 million. Dunkin’ Brands had a net margin of 40.77% and a negative return on equity of 190.44%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 earnings per share. equities research analysts expect that Dunkin’ Brands will post 2.66 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Monday, March 12th will be paid a dividend of $0.3475 per share. This is an increase from Dunkin’ Brands’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, March 9th. This represents a $1.39 annualized dividend and a dividend yield of 2.29%. Dunkin’ Brands’s dividend payout ratio is presently 36.48%.
DNKN has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Dunkin’ Brands from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Thursday, January 4th. Piper Jaffray Companies reissued a “neutral” rating and set a $62.00 price objective (up previously from $59.00) on shares of Dunkin’ Brands in a report on Thursday, February 22nd. William Blair raised shares of Dunkin’ Brands from a “market perform” rating to an “outperform” rating in a report on Monday, January 22nd. BidaskClub downgraded shares of Dunkin’ Brands from a “sell” rating to a “strong sell” rating in a report on Friday, March 16th. Finally, Barclays reaffirmed an “overweight” rating and issued a $70.00 price target (up previously from $63.00) on shares of Dunkin’ Brands in a report on Tuesday, January 16th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $63.20.
In related news, CEO Nigel Travis sold 57,296 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $63.24, for a total transaction of $3,623,399.04. Following the transaction, the chief executive officer now owns 327,957 shares of the company’s stock, valued at $20,740,000.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John L. Clare sold 13,388 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $62.02, for a total transaction of $830,323.76. Following the transaction, the insider now directly owns 29,772 shares in the company, valued at approximately $1,846,459.44. The disclosure for this sale can be found here. Insiders have sold 455,581 shares of company stock worth $28,320,199 in the last three months. Insiders own 3.10% of the company’s stock.
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Dunkin’ Brands Profile
Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through four segments: Dunkin' Donuts U.S., Dunkin' Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard and soft serve ice creams, frozen yogurts, shakes, malts, floats, and cakes.
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